Bethel Home Inc

Analysis

Bethel Home Inc is a registered charity in United States, based in Oshkosh, WI. It received its IRS tax-exemption ruling in November 1961, 65 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Bethel Home Inc reported income of $10.6m and spending of $10.2m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $9.0m to $10.6m (+19%), an average of +4.4% a year. The sharpest change came in the year to December 2023, when income rose by 20%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bethel Home Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within WI. Charities of a similar size with the same main cause include Spring Lake Ranch Inc ($10.6m), Northwood School ($10.6m) and The Carmelite System Inc ($10.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.0% and program service revenue 94% of the total. Other salaries and wages came to $6.1m. At year end it held assets of $7.0m against liabilities of $3.8m, net assets of $3.2m. It reported 144 employees.